Peiran Environmental plans to issue a maximum of 2.0% discount on the shares, raising approximately HK$14.164 million.

date
22/04/2026
Peist Environmental Protection announced that on April 21, 2026, the company plans to issue up to approximately 146.6 million shares of placement shares through placing agents, representing approximately 16.59% of the enlarged share capital. The price of the placement shares is HK$0.1 per share, which is at a discount of approximately 2.0% from the closing price of HK$0.102 per share reported on the Stock Exchange on the date of the placement agreement. The net proceeds from the placement are expected to be approximately HK$141.64 million, with HK$10 million to be used for operating capital for the development of new businesses in hydrogen, renewable energy, and sustainable supply chain; HK$3 million to repay existing bank loans; and approximately HK$1.1 million for administrative and company expenses.